Betsson Q1 2026 results show a mixed start to the year. Revenue dipped slightly while profitability came under pressure. The Betsson Q1 2026 update highlights strong B2C growth but weaker B2B performance – see more details:

• Group revenue reached EUR 285.3m, down 3% year-on-year. On an organic basis, revenue still grew by 4%. The decline was linked mainly to lower B2B income from one customer.
• EBITDA dropped to EUR 50.0m, down 36% compared to last year. EBIT also fell sharply to EUR 34.0m, a decrease of 47%. Margins declined as costs increased and B2B performance weighed on results.
• Casino remained the main revenue driver, contributing EUR 203.8m. This segment was down 4% year-on-year but still accounted for 71% of total revenue. Sportsbook revenue edged up 1% to €80.2m with a margin of 8.4%.
• Active customers rose by 11% to 1.52 million during the quarter. At the same time, deposits declined by 14% to EUR 1.36bn. This suggests higher engagement but lower overall spending levels.
• B2C operations continued to grow, with revenue up 15% year-on-year. Latin America stood out with a 25% increase, driven mainly by Peru. Western Europe also posted double-digit growth, led by Italy.
• In contrast, B2B revenue fell to EUR 51m from EUR 90m. The drop was mainly linked to reduced activity from one key partner. Betsson said activity for this customer has stabilised since December.
• The share of revenue from locally regulated markets increased to 73%. This shift is part of the company’s strategy but also contributed to lower margins. Higher taxes and compliance costs impacted profitability.
• CEO Pontus Lindwall said: “Our B2C operations continued to perform well, with solid growth and strengthened market positions, while our B2B revenue continued to decline.” This reflects the gap between the two business segments.

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